Photo by Tim Bennett on Unsplash
Facebook may have too many users for its cryptocurrency to fail — even if you don’t trust it

Facebook may have too many users for its cryptocurrency to fail — even if you don’t trust it

June 18th, 2019|Tags: , , , , |

On Tuesday June 18, 2019, Theodore Schleifer at Vox wrote:
Libra is the most consequential cryptocurrency effort undertaken in several years. Uncovering and explaining how our digital world is changing — and changing us.

Cryptocurrencies can be used to digitally pay for goods and services and to transfer funds, like Venmo. So far, most people haven’t adopted them as a common form of payment. The most well-known virtual coin has instead functioned more like an investment asset. It is the most aggressive step taken yet by any of the US tech giants toward blockchain technology.

About the Author:

Get the latest independent tech news, reviews and analysis from Recode with the most informed and respected journalists in technology and media. Theodore Schleifer has recently written 3 articles on similar topics including :
  • ""Regulation is here and it’s time and it’s good," Nicole Wong said onstage at Code 2019". (June 11, 2019)
  • "It’s the third high-profile change at Greylock within the last year". (January 18, 2019)
  • "One senator says the company "actually encouraged anti-Semitism" by hiring an opposition-research firm". (November 15, 2018)